$3,125
2 bd2 ba1,050 sqft
231 Washington St #509
Salem, MA Housing Market
$613,827
3.8% 1-yrThe average Salem, MA home value is $613,827, up 3.8% over the past year and goes to pending in around 9 days.
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Salem Key Takeaways
Typical Home Values: $613,827
1-year Value Change: +3.8%
(Data through April 30, 2025)
Salem Housing Market Overview
--1-year Market Forecast
61For sale inventory(April 30, 2025)
39New listings(April 30, 2025)
--Median sale to list ratio
$555,667Median sale price(March 31, 2025)
$606,600Median list price(April 30, 2025)
--Percent of sales over list price
--Percent of sales under list price
9Median days to pending(April 30, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Salem
- NameMedian ZHVI
- Federal Street$591,295
- Mack Park$578,701
- Montrose$848,447
- Woodville$849,602
- Mount Hood$917,122
- East Side$709,713
- Greenwood$803,761
- Linden$685,037
- East Side$998,670
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Salem Rental Market Trends
$2,665Average rent in Salem(April 30, 2025)
$2,024National average rent(April 30, 2025)
0.9%Month-over-month change(April 30, 2025)
3.4%Year-over-year change(April 30, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
